Gold Resource Corporation (GORO) Stock: Navigating Market Highs and Lows in 52 Weeks

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Gold Resource Corporation’s current trading price is -59.00% away from its 52-week high, while its distance from the 52-week low is 8.50%. The stock’s price range during this period has varied between $0.82 and $2.17. The company, active in the Basic Materials sector, saw a trading volume of around 0.81 million for the day, considerably lower average daily volume of 1.07 million observed over the last three months.

Gold Resource Corporation (GORO) currently has a stock price of $0.89. The stock saw a sharp increase in the last trading session, hitting a high of $0.94 after opening at $0.93. The lowest recorded price for the day was $0.88 before it closed at $0.94.

Gold Resource Corporation’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $2.17 on 06/10/22, and the lowest price during the same period was recorded at $0.82 on 03/15/23.

How Financial Performance Impacts Market Capitalization

Gold Resource Corporation (GORO) has experienced a quarterly decline of -46.08% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 80.36M and boasts a workforce of 16 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.2355, with a change in price of -0.7503. Similarly, Gold Resource Corporation recorded 887,937 in trading volume during the last 100 days, posting a change of -45.75%.

How GORO’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for GORO stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

GORO Stock Stochastic Average

As of today, the raw stochastic average of Gold Resource Corporation over the past 50 days is 18.84%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 3.50%. Additionally, the Stochastic %K and %D values for the company were 12.70% and 17.48%, respectively, over the past 20 days.

GORO Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -41.85%.However, over the last six months, we can see a stronger performance of -42.97%. Over the last 30 days, the price of GORO has leaped by -18.38%. And in the last five days, it has fallen by -4.33%.

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